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Key to success: Vision Key to success: Passion Key to success: Perseverance Key to success: Preparation Key to success: Courage Key to success: Integrity Key to success: The American Dream Keys to success homepage More quotes on Passion More quotes on Vision More quotes on Courage More quotes on Integrity More quotes on Preparation More quotes on Perseverance More quotes on The American Dream


Carlos Slim

Financier and Philanthropist

I think it is not instinct. It's experience that you can learn, because it's not done only by me. It's all the team, and the organization is very big. We have nearly 200,000 people working in the group, and we have a lot of young men doing these kinds of jobs. That takes basic rules of management to do that, no? You read a lot of books -- how they do, what they do bad, what they do good, the conglomerates of the '60s, the way they managed. The biographies of some people and what they do, and you can take the good things from them. Not everything, no. And the experience -- you can, I think, have experience from the failures of others and your failures, no? And what we do when we are managing business is that we all need to take decisions, but we try to do small mistakes. We are very, very open to small mistakes. A big mistake is very dangerous. A very big mistake is bad, but small mistakes make the people trained, and they learn how to take decisions and move ahead.
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Carlos Slim

Financier and Philanthropist

Carlos Slim: That's important to know the balance sheets, but also it's clear that some things will change. You know, a country that has a problem with prices -- after a devaluation, prices are very down, very low, they need to come back to have investments. There is an overshoot of the currency and some other conditions, and we have done when -- we are very clear that we are not speculators or investors in a short term. We are looking for a long-term plan. We don't worry about what is happening because there is a crisis today, like it was in '95 crisis. We invest more. It's a better moment to invest because you find many things, many opportunities of people that want to get out.
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Carlos Slim

Financier and Philanthropist

When you are worried about the organization, actually you are taking care of the interest of the investors. You are worried if there is something bad in the price, or the value of the company, because you are doing the wrong things. But if you're doing the right things, and the markets move up and down, you worry what to do about things. Not to worry to make things happen in the short term, but in the long term, no? And when you are doing the right things, the value will be there. It will come.
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Frederick W. Smith

Founder, Federal Express

Frederick Smith: We'd run out of money and we didn't have all of the regulatory requirements that we needed. My half-sisters were up in arms because it looked like we were going to lose some money. I mean, everything was going wrong, except the fundamentals of the business were proving every single day that the idea was right. I mean, every single day the traffic was going up, and so eventually everything came right and worked out fine.
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Frederick W. Smith

Founder, Federal Express

As time changed and markets changed and peoples' expectations changed, we changed with them. For example, when it became obvious that people wanted to interface with FedEx electronically, many years before people were doing this, we built an electronic interface system that allowed them to do business with us. When the Internet came on the horizon, we built versions of that that allowed people to interface with FedEx over the Internet. And now there are millions of people doing business with FedEx every day electronically.
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Stephen Sondheim

Award-winning Composer and Lyricist

The producer, Cheryl Crawford, dropped out at the last minute. She'd been the putative producer for over a year. But she suddenly got cold feet. And so there we were, knowing that we had to get the show on by September because Lenny was unavailable starting in September. I had urged them to give the show earlier to Hal Prince and his partner, Bobby Griffith, but though they had done two successful shows, Pajama Game and Damn Yankees, Lenny and Jerry and Arthur didn't feel that they were experienced enough. So they preferred Cheryl. When Cheryl dropped out, I called Hal myself, who was out of town with a show called New Girl In Town, which was not going well, and so he was more than anxious to start a new project. However, I had played him the score before and he did not like the show, West Side. But because of that moment, catching him -- vulnerable -- in the last couple of weeks in Boston, and knowing that the minute the show opened in New York he would have something else to work on, it softened him up.
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